Arena Construction Status

At a glance

What: construction of the new downtown arena (Regions Arena), budgeted at $300 million including a $15 million owner's contingency.
Where it stands: About 75% complete as of November 3. First event targeted for March 25, 2027, with punch-list work through April. The construction manager projects about $281.6 million against roughly $285 million available after the lost wire-transfer funds, so the project is expected to finish slightly under budget.
Next: metal screenwork starts in December, murals and ice-floor work continue; further Finance Committee updates.

The $15 million contract contingency will be fully used; about $11.8 million in the furniture and equipment budget will not be spent because items such as the scoreboard moved into the construction contract.
The reported fraudulent transfer drew on the owner's contingency; see Reported Fraudulent Wire Transfer.

Res. 01-1211 on the agenda: an agreement with the Mobile County Commission for design and construction of the Regions Arena, $7,500,000. Votes unknown until minutes are posted.

Construction manager's update and budget discussion; Council members asked about contingencies and amounts owed (contractors are current).